Kotse Loan
It is loan that offers options for clients interested on purchasing new / second-hand units with affordable monthly interest payments giving our clients the luxury of getting their desired units.
Loan Amount: Maximum of 70% of the selling price or unit price
Term: For New Units - with year model 5 years from the present year of purchase. Max amount to be financed is 1M but subject to appraisal.
For 2nd Hand Units - with year model 10 years from the present year of purchase. Max amount is 500,000.00.
With 10-15 years base from the present year of purchase. Max amount is 200,000.00.
Mode of Payment: Monthly
Qualification Requirements:
1. 2x2 or 1x1 ID Picture
2. Valid Photo Bearing ID
3. Proof of 30% down payment
4. Deed of Sale of Equipment / Certificated of Registration
5. Picture of the Vehicle
6. Vehicle Appraisal Report
7. Any Proof of Income / ITR / AFS
8. Statement of Account showing repayments or payments; it can be either (post paid plan billing payments,
credit card billing payment, loan amortization payments, insurance payments).